Hartpine Limited 10305247 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is property investment. Digita Accounts Production Advanced 6.30.9574.0 true 10305247 2022-07-01 2023-06-30 10305247 2023-06-30 10305247 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 10305247 core:Non-currentFinancialInstruments 2023-06-30 10305247 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 10305247 core:FurnitureFittingsToolsEquipment 2023-06-30 10305247 core:LandBuildings 2023-06-30 10305247 bus:SmallEntities 2022-07-01 2023-06-30 10305247 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 10305247 bus:FilletedAccounts 2022-07-01 2023-06-30 10305247 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 10305247 bus:RegisteredOffice 2022-07-01 2023-06-30 10305247 bus:Director1 2022-07-01 2023-06-30 10305247 bus:Director2 2022-07-01 2023-06-30 10305247 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 10305247 core:FurnitureFittings 2022-07-01 2023-06-30 10305247 core:FurnitureFittingsToolsEquipment 2022-07-01 2023-06-30 10305247 core:LandBuildings 2022-07-01 2023-06-30 10305247 countries:EnglandWales 2022-07-01 2023-06-30 10305247 2022-06-30 10305247 core:FurnitureFittingsToolsEquipment 2022-06-30 10305247 core:LandBuildings 2022-06-30 10305247 2021-09-01 2022-06-30 10305247 2022-06-30 10305247 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 10305247 core:Non-currentFinancialInstruments 2022-06-30 10305247 core:Non-currentFinancialInstruments core:AfterOneYear 2022-06-30 10305247 core:FurnitureFittingsToolsEquipment 2022-06-30 10305247 core:LandBuildings 2022-06-30 10305247 core:RevaluationReserve core:LandBuildings 2021-09-01 2022-06-30 10305247 core:LandBuildings 2021-09-01 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 10305247

Hartpine Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

Hartpine Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Hartpine Limited

Company Information

Directors

Mr Natanel Seruya

Mr Joshua Friedlander

Registered office

8 Rodborough Road
London
London
NW11 8RY

Accountants

GILBERT ALLAN & CO
8 Rodborough Road
London
London
NW11 8RY

 

Hartpine Limited

(Registration number: 10305247)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

781,404

781,872

Current assets

 

Cash at bank and in hand

 

29,274

16,493

Creditors: Amounts falling due within one year

5

(101,916)

(102,312)

Net current liabilities

 

(72,642)

(85,819)

Total assets less current liabilities

 

708,762

696,053

Creditors: Amounts falling due after more than one year

5

(441,495)

(403,345)

Provisions for liabilities

(47,805)

(47,805)

Net assets

 

219,462

244,903

Capital and reserves

 

Called up share capital

2

2

Revaluation reserve

204,100

204,100

Other reserves

-

31,655

Retained earnings

15,360

9,146

Shareholders' funds

 

219,462

244,903

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 March 2024 and signed on its behalf by:
 

.........................................
Mr Joshua Friedlander
Director

 

Hartpine Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8 Rodborough Road
London
London
NW11 8RY
United Kingdom

These financial statements were authorised for issue by the Board on 19 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Hartpine Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Hartpine Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2022

780,000

5,123

785,123

At 30 June 2023

780,000

5,123

785,123

Depreciation

At 1 July 2022

-

3,251

3,251

Charge for the year

-

468

468

At 30 June 2023

-

3,719

3,719

Carrying amount

At 30 June 2023

780,000

1,404

781,404

At 30 June 2022

780,000

1,872

781,872

Included within the net book value of land and buildings above is £780,000 (2022 - £780,000) in respect of freehold land and buildings.
 

 

Hartpine Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

1,567

2,048

Accruals and deferred income

1,200

1,116

Other creditors

99,149

99,148

101,916

102,312

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

441,495

403,345

6

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

The changes to each component of equity resulting from items of other comprehensive income for the prior period were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

1,585

1,585

7

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

441,495

403,345